A change in HUD's strategy may have nonprofits and housing authorities housing authorities begging for money from Wall Street rather than HUD.
"Faced with a $7 million gap for one of the project's 12 buildings... and after exhausting possibilities for local and federal low-income housing funds, Ms. Steen's nonprofit... tried something new: They borrowed the money from Fannie Mae, the Washington-based government-chartered mortgage-market concern, and Bank of America Corp., of Charlotte, N.C. As collateral for the loan, they used anticipated annual grants from the Department of Housing and Urban Development that were earmarked for building improvements like roof repairs." [Editor's note: The link below is available to non-subscribers for a period of 7 days.]
Thanks to Chris Steins
FULL STORY: HUD Looks to Private Sector For Funds for Rehabilitations
Seattle Legalizes Co-Living
A new state law requires all Washington cities to allow co-living facilities in areas zoned for multifamily housing.
NYC Officials Announce Broadway Pedestrianization Project
Two blocks of the marquee street will become mostly car-free public spaces.
Denver's New High-Rise Integrates Vertical Canyon in Architectural Design
Unlike other new builds in Denver, Colorado, a new high-rise reveals a unique “sculptural canyon” running vertically through the facade to foster a sense of community and connection to nature.
Chicago Budget Fails to Include Snow Plowing Program
Disability rights advocates say the “Plow the Sidewalks” program is a necessity for Chicagoans with limited mobility in winter months.
Indy Bike Share Sees Sharp Growth Thanks to Free Pass Program
A new fleet of e-bikes and free access for Marion County residents are getting more people on bikes.
Federal Resilience Program a Lifeline for Affordable Housing Providers
The little-known Green and Resilient Retrofit Program funds upgrades and repairs that improve efficiency and comfort in existing housing stock.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Village of Glen Ellyn
American Planning Association, Sustainable Communities Division
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
City of Cambridge, Maryland
Newport County Development Council: Connect Greater Newport
Rockdale County Board of Commissioners